Word: steers
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...gotta do is sit there and steer, right?" Yeah, just try it, buddy...
Steiger and his allies assert that high capital gains taxes hit the economy precisely where it is most vulnerable. They steer investors away from innovative, high-risk ventures and push people to buy such securities as bonds of mature companies, which yield a steady, safe return. That return is taxed at ordinary-income rates, to be sure, but then capital gains rates are no longer low enough to compensate investors for extra risk. Supporters of Steiger argue persuasively that cutting capital gains rates would raise federal revenues rather than reduce them. People would sell assets they have been salting away...
...overall American proposal on the bargaining table because that would probably lead to cries of an "imposed peace." But if other efforts fail, he may issue a declaration describing U.S. "ideas" for a comprehensive peace. He much prefers, however, simply to make suggestions on crucial points and try to steer the talks toward a balanced outcome...
...civilians. Ahtisaari, a former Finnish Ambassador to Tanzania, will meet with stonewalling cynicism from whites, who fully expect him to favor the guerrillas in any disagreement. One such skeptic is Brian O'Linn, Secretary-General of the Namibia National Front, a newly formed multiracial attempt to steer between SWAPO and its major opponent, the South African-backed Democratic Turnhalle Alliance. Says O'Linn, "the deep suspicion South Africans have about the U.N. can only be alleviated. I doubt if it will ever be resolved...
...assumed the Papal Tiara in 1963, in the midst of the Second Vatican Council, that theater for the most profound process of change that the church had experienced in centuries. At the time, Cardinal Montini seemed just the man to steer the church through the turbulence that confronted it. Idealistic and sensitive, a thoughtful scholar and a connoisseur of theology, he had a reputation for being open to new ideas. He was a subtle diplomat with an acute knowledge of the inner workings of the church's machinery...